Morgan Stanley: Gold, Livestock top 2012 commodity picks

Gold is Morgan Stanley’s (MS) top pick in the commodity markets for next year, as the euro zone remains without a definitive solution to its deepening debt crisis, U.S. fiscal issues continue to weigh on broader investor sentiment and emerging market economies slow.
With global economic growth prospects having dimmed, the bank said it doesn’t “feel it is prudent” to take long positions in commodity markets indiscriminately, and noted that commodities most leveraged to economic growth have historically been the worst performers in a slowdown………………………………………..Full Article: Source